Rising Price, Record ETF Inflows—Is Ether Turning a Corner?
The price of the cryptocurrency ether is up more than 40% this month,
On Wednesday, U.S. spot ether ETFs enjoyed daily all-time high inflows of $727 million, and more than $2 billion has gone into these financial products since July 4.
Likely reasons for the improved optimism around ether include the expected passage of the GENIUS Act and CLARITY Act by the House of Representatives and the approval of staked ether in the spot ETF offerings.The price of ether, the native cryptocurrency of the Ethereum network, has more than doubled since its low point in April, a move marked by increased investor interest and upbeat industry trends.
The move has been dramatic more recently, too, with the price rising more than 40% this month to about $3,400. U.S. spot ETH exchange-traded fund inflows on Wednesday reached a daily high of about $727 million, according to data from Farside Investors. That extended a strong run for the ETFs, with $2 billion of inflows since the July 4 holiday. (Spot bitcoin ETFs have still seen more than twice as much in inflows during this time, at roughly $4.2 billion.)
The changing crypto regulatory environment in the U.S. under the Trump administration has benefited ether. Regulatory clarity around stablecoins and other crypto tokens may take another step forward following the potential passage of the GENIUS Act and CLARITY Act by the U.S. House of Representatives this week.
And leadership at the Securities and Exchange Commission is expected to approve staking for spot ether ETFs by the end of the year, which is could improve the attractiveness of those institutional offerings.
While bitcoin treasury companies have been the main talking point in the crypto market so far this year, a few ether treasury company pivots, such as SharpLink Gaming (SBET) and Bitmine Immersion Tech (BMNR), have also occurred over the past couple of months.
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